As reader Andrew Mitton noted recently on the blogosphere, “The only drawback to Koncision is that it only has one document.” Indeed. Having just one product has taken the pressure off—it sends a signal that we’re in proof-of-concept mode. Real scaling up won’t happen until some deep pockets arrive on the scene, but it’s time to move beyond the confidentiality-agreement … Read More
I just uploaded a new version of Koncision’s confidentiality-agreement template. It reflects the following changes: I added “no reliance” language of the sort discussed in this blog post. It uses different wording, or is omitted, depending on how you complete the questionnaire. I further revised in the manner discussed in this blog post the provision stating how long information has … Read More
In this post on his eLawyering Blog, Richard Granat considers various online sources of free, or nearly free, form contracts. He begins his post as follows: Legal forms, without the legal advice or assistance of a lawyer, continue to decline in value. As a pure digital product, a legal form follows the price curve of other digital goods eventually approaching zero. Several … Read More
In this post I refer to “bills of sale, instruments of assignment, releases, deeds, powers of attorney, stock powers, and the like, in other words short documents, usually signed by one party, that consist largely or entirely of language of performance, with the signatory giving something to someone.” But in the same post I quote from two documents that served … Read More
Sometimes you just have to laugh. Or cry. In my current guise as soon-to-be-globetrotting contract nerd, I was looking at a contract from the Philippines. The first thing I saw below the title and above the introductory clause was this: KNOW ALL MEN BY THESE PRESENTS: “WTF!,” says I. I immediately turned to the SEC’s Edgar system, which told me … Read More
I noticed this post by Paul Stanfield on the Austin Technology Law Blog. The main point it makes is that if a customer wants to exclude “lost profits” from the damages that you, the seller, might be entitled to under a contract, you should make it clear in the contract that “lost profits” refers to profits on collateral business arrangements, not … Read More
I’m pleased to announce that in cooperation with Melbourne Law School I’ll be giving my “Drafting Clearer Contracts” seminar in Australia, in Melbourne on February 8 and in Sydney on February 10. For further information on the Melbourne seminar and details on how to register, go here; for further information on the Sydney seminar and details on how to register, … Read More
[Updated January 11, 2012, to tweak the analysis.] Let’s consider how the verb guarantee is used in contracts. (No, I’m not going to discuss guarantee versus guaranty. For that, go to this 2006 blog post on AdamsDrafting. Perhaps my most popular post evah. Go figure.) Everyone knows what the verb guarantee means. Here’s how Black’s Law Dictionary defines it: guarantee, vb. … Read More
I received the following note from longtime reader Scott Chalmers, a foreign legal consultant at King & Spalding’s Houston office who’s qualified in England and Australia: Ken, one drafting/legal issue that repeatedly comes up in negotiations between US and non-US lawyers is the use of the phrase ‘without regard to its conflict of laws provisions’ in the governing law clause. … Read More
Most of the posts on this blog involve some measure of subtlety, so it’s gratifying to encounter something entirely basic, namely a contract reference to the year 2012 that should have been a reference to the year 2011. The following is from this post on ESPN.com by Chris Mortensen and Adam Schefter: A dispute over contract language that affects seven fired Jacksonville … Read More
